King Luther Capital Management Corp Reduces Position in The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• King Luther Capital Management Corp reduced its stake in The Estee Lauder Companies Inc. by 31.5%, now owning 39,159 shares valued at approximately $2.58 million at the end of the recent quarter.
• In contrast, several institutional investors significantly increased their holdings in the company, with Annis Gardner Whiting Capital Advisors LLC boosting their stake by 1,182.1% in the same period.
• The stock of Estee Lauder is currently down 1.6%, trading at around $89.21, with a one-year high of $103.44 and a low of $48.37.

King Luther Capital Management Corp lowered its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 31.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 39,159 shares of the company's stock after selling 17,968 shares during the quarter. King Luther Capital Management Corp's holdings in Estee Lauder Companies were worth $2,584,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital World Investors bought a new stake in Estee Lauder Companies in the fourth quarter valued at approximately $554,509,000. Invesco Ltd. lifted its position in Estee Lauder Companies by 21.9% in the first quarter. Invesco Ltd. now owns 6,681,785 shares of the company's stock valued at $440,998,000 after purchasing an additional 1,200,537 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in shares of Estee Lauder Companies by 12.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 3,608,142 shares of the company's stock valued at $270,538,000 after buying an additional 385,677 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Estee Lauder Companies by 3.9% during the first quarter. Bank of New York Mellon Corp now owns 3,088,880 shares of the company's stock valued at $203,866,000 after buying an additional 117,330 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Estee Lauder Companies by 13.7% during the fourth quarter. Northern Trust Corp now owns 2,365,560 shares of the company's stock valued at $177,370,000 after buying an additional 285,272 shares during the period. Institutional investors own 55.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EL shares. Citigroup boosted their target price on Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Canaccord Genuity Group reduced their target price on Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company boosted their target price on Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised Estee Lauder Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $62.00 to $101.00 in a research note on Friday, July 25th. Finally, B. Riley reissued a "neutral" rating and set a $60.00 target price (down from $70.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Estee Lauder Companies currently has a consensus rating of "Hold" and an average price target of $85.80.

Estee Lauder Companies Stock Up 1.5%

Shares of NYSE EL traded up $1.37 during trading on Friday, reaching $90.87. The company had a trading volume of 4,144,906 shares, compared to its average volume of 3,561,512. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $103.44. The stock has a market cap of $32.69 billion, a PE ratio of -37.55, a P/E/G ratio of 6.39 and a beta of 1.18. The business's 50-day moving average is $84.79 and its 200 day moving average is $71.95. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.